The global enteral feeding devices market is projected to reach USD 3.19 billion by 2022 from USD 2.39 billion in 2017, at a CAGR of 6.0%. Factors such as rising healthcare costs; surge in the number of preterm births; growth in the aging population; rising prevalence of chronic diseases such as diabetes, cancer, gastrointestinal diseases, and neurological disorders; growing awareness of enteral nutrition; and rapid improvements in healthcare facilities in emerging countries are driving the market growth.
On the basis of product, the enteral feeding devices is segmented into enteral feeding pumps, tubes, administration reservoirs, giving sets, enteral syringes, and other consumables. The administration reservoirs segment is expected to register the highest CAGR during the forecast period. The growth of this segment is primarily attributed to the low risk of infections associated with these devices. Furthermore, they are single-use devices which are discarded with giving sets and thus the number of administration reservoirs required per patient is directly proportional to the number of days for which the patient needs enteral nutrition. This leads to their high adoption.
Based on age group, the enteral feeding devices market is segmented into adults and pediatrics. The pediatrics segment is expected to grow at the highest rate during the forecast period. The rising incidence of preterm births and the increasing incidence of chronic disorders among this age group are leading to the increased adoption of enteral feeding devices.
Download an Illustrative overview of the report:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=183623035
On the basis of application, the enteral feeding devices market is segmented into oncology, gastroenterology, diabetes, neurology, hypermetabolism, and other applications. The oncology segment is expected to grow at the highest CAGR owing to the increasing incidence and prevalence of cancer across the globe leading to the high incidence of malnutrition and the need for clinical nutrition in such patients.
Based on end user, the market has been segmented into hospitals, home care settings, and ambulatory care settings. The home care settings segment is expected to grow at the highest CAGR during the forecast period. The high growth of this segment can be attributed to factors such as the increasing focus on minimizing healthcare costs, development of user-friendly and portable feeding devices for home care, and the favorable reimbursement policies for homecare.
Geographically, the enteral feeding devices market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The Asia Pacific (APAC) region is expected to register the highest CAGR during the forecast period. Growth in this regional segment is largely driven by the rising preterm births, rising aging population, growing awareness of enteral nutrition, and unfulfilled medical needs in emerging economies, with rapid improvisation of healthcare facilities.
Know more:
https://www.marketsandmarkets.com/Market-Reports/enteral-feeding-device-market-183623035.html
